Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Government

Federal Government Allocates 8,925 Houses Nationwide Under National Housing Programme

Benita OrumabyBenita Oruma
April 16, 2024
in Government
0
Federal Government Allocates 8,925 Houses Nationwide Under National Housing Programme
Share on FacebookShare on TwitterShare on Whatsapp

The Federal Government has announced the allocation of 8,925 houses nationwide to deserving applicants through the National Housing Programme (NHP).

Dr. Marcus Ogunbiyi, the Permanent Secretary of the Ministry of Housing and Urban Development in Abuja, disclosed this in a statement issued by the National Housing Programme.

The National Housing Fund (NHF) is a Federal Government initiative that provides low-interest, government-funded loans to Nigerians above 21 years who are in paid employment.

Members of the scheme, including both public and private sector workers, as well as other self-employed individuals, contribute 2.5 percent of their monthly salary to the fund through the Federal Mortgage Bank of Nigeria.

The maximum loan amount under the NHF has been increased from N5 million to N15 million, repayable over a maximum of 30 years at a six percent interest rate.

Federal Government Allocates 8,925 Houses Nationwide Under National Housing Programme

Mr. Ogunbiyi stated that the first batch of allocations was concluded after reviewing the conditions and procedures for house sales under the NHP.

He mentioned, “Out of a total of 8,925 applications received, 1,294 were for outright payment, 2,408 for mortgage, 2,184 for rent-to-own, and 3,039 for installment payment modes. The offer of new provisional allocation letters for the first batch of successful applicants under the outright payment mode is now ready. The successful subscribers will be contacted by the Federal Controllers of Housing and Urban Development in the states as well as the Chairman/CEO, Nigerians in Diaspora Commission, starting from Thursday for collection.”

Mr. Ogunbiyi added that applicants under the mortgage, rent-to-own, and installment payment modes, who are subscribers to the National Housing Fund, are currently undergoing profiling.

He noted that completed houses are not yet available in Abia, Lagos, Bayelsa, Rivers states, and the FCT, and the allocation of houses in these states will occur after the completion of housing units later in the year.

Tags: 925 Houses Nationwide Under National Housing Programmefederal characterFederal Government Allocates 8News
Benita Oruma

Benita Oruma

Benita Oruma is a lawyer in training, a 400 level student in the university of Ibadan. She is a content writer with interest in corporate affairs and the marketplace.

Related Posts

Baltimore City Offering Grants to Redevelop Vacant Homes
Government

Baltimore City Offering Grants to Redevelop Vacant Homes

October 4, 2025
Who’s Paying For Brandon Scott’s New Car?
Government

Who’s Paying For Brandon Scott’s New Car?

October 4, 2025
Why Trump Shut Down the Government
Government

Why Trump Shut Down the Government

October 3, 2025
Next Post
Isreal vows to respond to Iran’s attack

Isreal vows to respond to Iran's attack

Storms Cause Widespread Power Loss to Thousands In Ukraine

Storms Cause Widespread Power Loss to Thousands In Ukraine

New Directive from NUPRC: oil producers should prioritize local refineries for oil produce

New Directive from NUPRC: oil producers should prioritize local refineries for oil produce

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Trump Applauds ABC's Decision Regarding the Jimmy Kimmy/ Charlie Kirk Controversy

Trade Tensions Rise as Trump Suggests US May Walk Away From Canada Deal

2 months ago
Arsenal Boosted by Key Returns Ahead of Crystal Palace Clash

Arsenal Boosted by Key Returns Ahead of Crystal Palace Clash

10 months ago
Inter Miami: Lionel Messi’s Bodyguard banned from Touchline

Inter Miami: Lionel Messi’s Bodyguard banned from Touchline

6 months ago
Barcelona not selling Aubameyang- Xavi

Barcelona not selling Aubameyang- Xavi

3 years ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

Democrats Dump AIPAC: The Lobby No One Wants Anymore

Who’s Paying For Brandon Scott’s New Car?

Seyi Shay Reveals Truth Behind Fallout With Tiwa Savage

Rice Haunts Former Club as Arsenal Overcome West Ham to Go Top

Trending

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
Business & Finance

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina

byEriki Joan Ugunushe
October 4, 2025
0

As a result of the tariffs imposed under President Trump’s administration, China, once the biggest buyer of...

Baltimore City Offering Grants to Redevelop Vacant Homes

Baltimore City Offering Grants to Redevelop Vacant Homes

October 4, 2025
Is Italy's Government "Nervous" as Gaza Protests Put Pressure on Meloni

Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

October 4, 2025
Why Were Dozens of Flights Canceled at Amsterdam's Schiphol Airport

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

October 4, 2025
Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

October 4, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
  • Baltimore City Offering Grants to Redevelop Vacant Homes
  • Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com